CIGI
Colliers International Group Inc.
CIGI's fundamentals are mixed, but it looks cheap: trading at 37x earnings, below its usual 50x. Analysts expect earnings growth.
CIGI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
CIGI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like CIGI.
CIGI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $88.65 | — |
| Cheap | 31x | $73.37 | -17% |
| Current | 37x | $88.65 | — |
| Fair | 50x | $118 | +33% |
| Expensive | 66x | $156 | +76% |
Historical ranges are pointers, not guarantees.
CIGI's PE is in its cheap range at 37x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
CIGI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CIGI, with profitability holding steady.
CIGI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.87 | +232% |
| Q2 2026 | $2.37 | +6.8% |
| Q1 2026 | $1.67 | -42% |
| Q4 2025 | $2.06 | -36% |
| Q3 2025 | $2.30 | -28% |
| Q2 2025 | $2.22 | -25% |
| Q1 2025 | $2.87 | +37% |
| Q4 2024 | $3.21 | +77% |
| Q3 2024 | $3.19 | +92% |
CIGI's earnings per share have fallen from their peak: $2.37 over the past year, against $3.71 in early 2023.
CIGI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.6B | +15% |
| Q1 2026 | $1.3B | +14% |
| Q4 2025 | $1.7B | +13% |
| Q3 2025 | $1.4B | +23% |
| Q2 2025 | $1.4B | +20% |
| Q1 2025 | $1.1B | +14% |
| Q4 2024 | $1.5B | +22% |
| Q3 2024 | $1.2B | +12% |
CIGI's revenue has grown year over year for 11 quarters in a row: $1.6B last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 6.3% | -2.3 points |
| Q1 2026 | 3.9% | +0.3 points |
| Q4 2025 | 10% | +2.1 points |
| Q3 2025 | 7.1% | -2.2 points |
| Q2 2025 | 8.6% | -1.5 points |
| Q1 2025 | 3.6% | -0.7 points |
| Q4 2024 | 8.1% | -2.7 points |
| Q3 2024 | 9.3% | +2.6 points |
CIGI's operating margin was 6.3% last quarter, down 2.3 points from the same quarter a year ago.
CIGI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $94M | +313% |
| Q1 2026 | -$210.1M | -$110.9M |
| Q4 2025 | $222.6M | +22% |
| Q3 2025 | $93M | +6% |
| Q2 2025 | $22.8M | -81% |
| Q1 2025 | -$99.1M | +$55.4M |
| Q4 2024 | $182.9M | +42% |
| Q3 2024 | $87.7M | +394% |
CIGI's free cash flow was $200M over the past year, up 2.7% from the year before. Free cash flow isn't a meaningful measure for real estate companies like CIGI.
CIGI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -1.7% | -639K shares |
| 3 years | -18% | -8.3M shares |
| 5 years | -15% | -6.6M shares |
| Available history | -8.2% | -3.3M shares |
CIGI has 37M diluted shares, down 1.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
CIGI hasn't bought back shares in the past year.
CIGI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 4.5x | High |
| Q1 2026 | 3.7x | Elevated |
| Q4 2025 | 3.8x | Elevated |
| Q3 2025 | 3.7x | Elevated |
| Q2 2025 | 3.4x | Elevated |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | 3.0x | Elevated |
| Q3 2024 | 3.7x | Elevated |
CIGI's net debt is about 4.5 years of its operating earnings (EBITDA), up from 3.4 years a year ago. Net leverage isn't a meaningful measure for real estate companies like CIGI.
CIGI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.4 | Neutral |
| Stochastic | 36.3 | Neutral |
CIGI's weekly RSI is 39 (neutral) and its Stochastic is 36 (neutral).
CIGI PE vs Real Estate Sector
| Metric | CIGI | Sector median | Relative |
|---|---|---|---|
| PE | 37x | 24x | 56% above |
| PE % | 29 | 23 | 6 pts above |
CIGI is trading at 37x earnings, a 56% premium to the Real Estate sector's median of 24x.
CIGI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $91.3 | 2.9% below |
| 20 week MA | $96.2 | 7.8% below |
| 50 week MA | $108.9 | 19% below |
| 100 week MA | $123.7 | 28% below |
| 200 week MA | $120.0 | 26% below |
CIGI is in a downtrend: it's below all five of its weekly moving averages, and 26% below its 200-week average.
CIGI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.8 | $90.5 | +16% |
| 2021 | $90.5 | $145.6 | +61% |
| 2022 | $145.6 | $90.1 | -38% |
| 2023 | $90.1 | $126.5 | +40% |
| 2024 | $126.5 | $135.0 | +6.7% |
| 2025 | $135.0 | $149.8 | +11% |
| 2026 YTD | $149.8 | $88.7 | -41% |
CIGI is down 41% so far in 2026, after finishing higher in five of the previous six years.